Citing competitiveness pressures, feds ease carbon tax thresholds

Bowing to concerns about worldwide competitiveness, the Trudeau government is scaling back carbon pricing guidelines for some of the country's heaviest energy users, and signalling that more easing could come before the plan takes effect in 2019. More..

by | Published 16 days ago
Alberta mom served cleaning solution instead of latte, McDonald's says sorry
by | Saturday, August 04, 2018

Alberta mom served cleaning solution instead of latte, McDonald's says sorry

Sarah Douglas , a mother of two, was on her way to a baseball tournament with her son when she chose to stop at the facility for a coffee, The Star reported. The label of the cleaning fluid involved in the mi...More..

Vietnam posts $3.1-billion trade surplus in Jan-July
by | Saturday, August 04, 2018

Vietnam posts $3.1-billion trade surplus in Jan-July

Word late on Tuesday that the Trump administration was poised to escalate a trade war with China has been confirmed by the White House, with a spokeswoman saying that the president is "going to hold their feet ...More..

European Union touts jump in soybean imports from U.S.
by | Saturday, August 04, 2018

European Union touts jump in soybean imports from U.S.

Trump appeared at a jobs event in Iowa on July 26, telling the audience: "We just opened up Europe for you farmers. you have just gotten yourself one big market". Under the agreement, the United States is lifti...More..

by | Saturday, August 04, 2018

China proposes retaliatory tariffs on $60B of US products

The yuan has also declined recently, threatening to take some of the bite out of tariffs by making imports cheaper, though the central bank took measures on Friday to stop it from falling any farther. The two c...More..

Apple officially becomes the first $1 trillion company
by | Friday, August 03, 2018

Apple officially becomes the first $1 trillion company

In recent years, Apple has been working to spread its cult-like following to newer devices like smart watches, cordless headphones and smart home speakers. Amazon is also close to hitting the $1 trillion mark...More..

Molson Coors bets on pot with cannabis-drink joint venture
by | Friday, August 03, 2018

Molson Coors bets on pot with cannabis-drink joint venture

Molson Coors Canada will hold a 57.5 percent controlling stake in the stand-alone joint venture. Molson Coors Canada has entered into a joint venture to develop non-alcoholic, cannabis-infused beverages, m...More..

by | Friday, August 03, 2018

Apple is first public company worth $1 trillion

In the firm's posted financial results for the fiscal 2018 third quarter, Apple revealed a 17% increased quarterly revenue from past year of $53.3 billion and 40% higher quarterly earnings per diluted share o...More..

Turkey lira slumps to record lows over U.S. sanctions
by | Friday, August 03, 2018

Turkey lira slumps to record lows over U.S. sanctions

On Friday Nauert said Pompeo and Cavusoglu had a "constructive conversation" and "agreed to continue to try to resolve the issues between our two countries". Brunson stands accused of helping supporters of Fe...More..

U.S. may slap China with higher tariffs, Beijing vows to retaliate
by | Friday, August 03, 2018

U.S. may slap China with higher tariffs, Beijing vows to retaliate

The U.S. trade war with China just got kicked up another notch. In a tweet last month, US President Donald Trump suggested that China could be undermining a North Korean denuclearisation deal because of t...More..

Manufacturing growth tails off a bit in July: Markit
by | Friday, August 03, 2018

Manufacturing growth tails off a bit in July: Markit

Although modest, the latest improvement in the health of the manufacturing sector was the second strongest after June. Germany's headline IHS Markit/BME Germany Manufacturing PMI - a single-figure snapshot of...More..

Apple is the world's first trillion dollar company
by | Friday, August 03, 2018

Apple is the world's first trillion dollar company

The milestone also means that Apple is worth more than just about any country on the planet, there are only 16 that it is worth less than. The tech company, launched from a garage in 1976, has been on a stea...More..

by | Friday, August 03, 2018

Donald Trump mulls imposing 25% tariffs on Chinese goods

Even if the USA tries to buy fewer goods from China through imposing tariffs on Chinese goods, it still has to buy these goods from other countries, he said. Camuñez notes that the Trump administration has give...More..

Japan's rate decision lifts bonds, shares under tech cloud
by | Friday, August 03, 2018

Japan's rate decision lifts bonds, shares under tech cloud

Spreadbetters pointed to a dour mood elsewhere, with London's FTSE futures FFIc1 off 0.7 percent and E-Minis for the S&P 500 down 0.3 percent. But the tech retreat has overshadowed an otherwise buoyant US...More..

Wisconsin sales tax holiday about to begin
by | Friday, August 03, 2018

Wisconsin sales tax holiday about to begin

Some cities are not participating in the sales tax holiday . However, many accessories and special clothing will not be exempt from sales taxes. Unlike a year ago, however, the sales tax doesn't apply to...More..

by | Friday, August 03, 2018

Trump, China trade war: 25% tariff on $200 billion of Chinese import

China's top envoy called on the U.S.to remain "cool-headed" on Thursday as Washington threatened to raise the tariff rate on the next $200 billion of Chinese imports. - United States dollars rises as White Ho...More..

by | Friday, August 03, 2018

FOMC is set to leave rates unchanged - Goldman Sachs

Most Fed officials in June projected three or four rate hikes for 2018, implying one or two more moves this year. Meanwhile, both household spending and business fixed investment had "grown strongly ", and...More..

Leaked document shows Google's plans for its censored search engine in China
by | Friday, August 03, 2018

Leaked document shows Google's plans for its censored search engine in China

It could make sense for the tech giant to reintroduce its search engine in China, considering the country is now the biggest internet market in the world. If (when?) Dragonfly does launch, expect Google to tell...More..

Apple becomes first United States trillion dollar company
by | Friday, August 03, 2018

Apple becomes first United States trillion dollar company

Jobs, who founded Apple in a Silicon Valley garage in 1976 with Steve Wozniak and built it into a global powerhouse, died in October 2011 . The Silicon Valley stalwart's stock has surged more than 50,000 p...More..

10m affected by Dixons Carphone data breach
by | Thursday, August 02, 2018

10m affected by Dixons Carphone data breach

The company issued its first alert on the breach on June 13, saying that "as part of a review of our systems and data, we have determined that there has been unauthorized access to certain data held by the comp...More..

by | Thursday, August 02, 2018

Bank of England hikes interest rates to 0.75%

The Bank's Monetary Policy Committee (MPC ) voted unanimously to increase the cost of borrowing from 0.5% to 0.75% at its August meeting. The Bank of England has raised interest rates to the highest level ...More..

Carmakers warn against no-deal Brexit
by | Thursday, August 02, 2018

Carmakers warn against no-deal Brexit

A total of 834,402 vehicles rolled off United Kingdom production lines from January to June, a -3.3% decrease on the same period in 2017 as the domestic market was affected by a range of factors, including ta...More..

High tariffs cited as Tyson cuts earnings outlook for the year
by | Thursday, August 02, 2018

High tariffs cited as Tyson cuts earnings outlook for the year

Price T Rowe Associates Inc /Md/ owns $2.74 billion in Tyson Foods , Inc., which represents roughly 12.87% of the company's market cap and approximately 15.93% of the institutional ownership. Relative volume i...More..

by | Thursday, August 02, 2018

India raises key interest rate for second time to stave off inflation

The Reserve Bank of India raised the rate at which it lends to banks from 6.25% to 6.5% on Wednesday, after hiking it for the first time in four years in June. It also noted that households' inflation expec...More..

Huawei Surpassed Apple to Become the World’s Second Largest Smartphone OEM
by | Thursday, August 02, 2018

Huawei Surpassed Apple to Become the World’s Second Largest Smartphone OEM

China has an incredibly valuable smartphone market with shipments estimated at 100million in the second quarter of this year. IDC said the reason for Huawei's latest success was due to the company's Honor...More..

Durex condoms recalled over fears they will burst
by | Thursday, August 02, 2018

Durex condoms recalled over fears they will burst

The expiry date of the affected batches is between December 2020 and February 2021. The HPRA is "requesting consumers to also check the below list of batch numbers". HRPA also said that a number of batche...More..

by | Thursday, August 02, 2018

United States may slap China with higher tariffs, Beijing vows to retaliate

While the tariffs would not be imposed until after a period of public comment, raising the proposed level to 25 per cent could escalate the trade dispute between the world's two biggest economies. "We are deter...More..

How the TSA’s ‘Quiet Skies’ surveillance program tracks unsuspecting passengers
by | Thursday, August 02, 2018

How the TSA’s ‘Quiet Skies’ surveillance program tracks unsuspecting passengers

The program - called " Quiet Skies " by the Transportation Security Administration (TSA) - has been in existence since 2010, when Barack Obama was in the White House. The TSA has not said whether the program ...More..

by | Thursday, August 02, 2018

US Confirms Plan to Raise China Import Tariff to 25 Percent

The U.S. has already imposed 25 percent tariffs on $34 billion in Chinese imports and is readying 25 percent tariffs on another $16 billion worth to punish China for allegedly using predatory tactics to obtai...More..

RBI hikes repo rates by 25 basis points
by | Thursday, August 02, 2018

RBI hikes repo rates by 25 basis points

But if your bank hikes its interest rate by 25 bps to pass on the burden of the repo rate hike, at 8.65 per cent interest rate your EMI will go up by Rs 317 to Rs 17547. "This could cheer the markets", he noted...More..